Yingguan Oral 2025 Annual Report: 3D Printing Reduces Operating Costs, Gross Margin Rises to 45.2%

Source: Yingguan Dental 2025 Annual Report

DentalGoodNews｜On April 24, 2026, Beijing Yingguan Dental Technology Co.,Ltd. (hereinafter referred to as "Yingguan Dental") released its 2025 annual report. The report shows that in 2025, the company achieved operating revenue of RMB 40,000,200, a year-on-year decrease of 0.06%; net profit attributable to shareholders of the listed company was RMB 8,656,000, a year-on-year increase of 16.23%. According to a previous report by DENTALGOODNEWS (Leading Dental Industry Media, DGN), Yingguan Dental's net profit attributable to shareholders of the listed company in the first half of 2025 increased by 85.57% year-on-year. In the financial report's analysis of business operations, the profit change was attributed to factors such as a decline in operating costs and an increase in other income.

During the reporting period, Yingguan Dental's comprehensive gross margin reached 45.23%, an increase of 2.68 percentage points from 42.55% in the same period last year. The core driver behind the rising gross margin was the digital transformation of production processes. The financial report indicates that the company adopted 3D Printing technology for denture production during this period, improving production efficiency and product precision. As a result, the raw material consumption and manufacturing cost allocation per unit of denture decreased, leading to a 4.73% year-on-year reduction in full-year operating costs.

Source: Yingguan Dental 2025 Annual Report

By product category, removable denture products performed particularly well, with their gross margin rising to 53.73%, an increase of 5.30% compared to the same period last year. Although revenue in this segment slightly declined by 1.90% due to market competition, the gross margin improved as costs dropped by 11.99%. Fixed denture products achieved revenue of RMB 22,785,500, with a gross margin increase of 1.03% year-on-year to 39.02%.

In addition to cost optimization, policy-related income was also a significant support for profit growth. During the reporting period, Yingguan Dental received RMB 1,333,200 in VAT refunds, driving "other income" to increase by 47.48% year-on-year.

Source: Yingguan Dental 2025 Annual Report

In terms of financial structure, as of the end of 2025, Yingguan Dental's asset-liability ratio dropped to 18.63%, a decrease of 4.48 percentage points from 23.11% at the beginning of the period.

Regarding cash flow, in 2025, Yingguan Dental's net cash flow from operating activities was RMB 11,505,500, a year-on-year increase of 19.44%. The financial report stated that the main reasons included strengthened management of Accounts Receivable, improved efficiency in sales collection, and an increase in tax refunds received.

Source: Yingguan Dental 2025 Annual Report

From a market regional perspective, Yingguan Dental's business is highly concentrated in the Beijing area. In 2025, the Beijing market contributed RMB 38,034,200 in revenue, accounting for 95.47%, with a gross margin of 45.32%. In contrast, revenue from non-Beijing regions was RMB 1,804,700, a year-on-year decrease of 46.51%, with a gross margin of 45.32%.

The financial report points out that as a "Specialized and New" enterprise and a high-tech enterprise, Yingguan Dental's current risk points remain the over-concentration of business regions and the potential impact of tax policy changes. The company stated that it will continue to leverage digital technology to optimize production focus in order to cope with industry competition.